Economic Policy
China’s top Communist Party journal, Qiushi, has reaffirmed the push to rebalance trade, stating that a worsening global environment of rising protectionism and geopolitical tensions adds urgency to shifting from an “unsustainable” export-driven growth model. The commentary notes profound changes in conditions shaping China’s trade balance, with deep-seated weaknesses in the foreign trade sector remaining pronounced.
Iniulat ng AI
A Brazilian economist has criticized the recent increase in import taxes, arguing that historical experience shows this policy fails to generate investments, innovation, or productivity. In an article in Folha de S.Paulo, the author highlights flaws in the official justification and negative impacts on competitiveness.